Bank of India Chandigarh
Last Updated : May 9, 2018, 12:41 p.m.
About Bank of India
Every bank has a story to tell be its foundation, growth or the change of guard from time to time. Similarly, Bank of India (BOI) has some story that will unfold before you. From a paid-up capital of lakhs to revenues in crores, BOI has made handsome business over the years. A lot of credit must go to the way it has designed its products to cater to people with different tastes and preferences.
Started by influential businessmen in 1906 in Mumbai to maximising its presence through branches nationally and internationally, one would have to say the bank has travelled 360 degree. A set up in Mumbai to serving the customers through over 5,000 branches and 50 zonal offices in India along with presence in 22 countries shows the way for other banks to follow.
And when talk about its presence on the lands of ‘Punjabis’, your own city Chandigarh, BOI has 10-20 branches to bank with. So, don’t let your dreams be dreams alone. Realise it by stepping out to your nearest Bank of India branch and enjoy a new lease of life with all your wishes fulfilled. For your reference, a list of notable branches of Chandigarh is shown in the table.
Bank of India Branches in Chandigarh
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Sector 17 | Banks Square, Sector 17, Chandigarh, Pin-160017 | BKID0006200 | 160013001 | 0172-2702853, 2704018 |
| Sector 20 | Sector 20, S.C.F. - 9, Sector 20-C, Chandigarh, Pin-160020 | BKID0006201 | 160013003 | 0172-2706746, 2708826 |
| Sector-32 | Sector-32 (Chandigarh), S.C.O.290- 291, Chandigarh, Pin-0172-2601359 | BKID0006202 | 160013004 | 0172-2601359, 2601591 |
| Sector 35 | Sector 35, Sco 415-416, Sector35 C, Chandigarh, Pin-160022 | BKID0006203 | 160013002 | 0172-2668915, 2668916 |
| Chandigarh Hi Tech Branch | 181-182, Ground Floor, Sector 17-C, Chandigarh | BKID0006206 | 160013007 | 0172-2703311 |
| Chandigarh Service Branch | Chandigarh Service Branch, Bank Square, Sector-17, Chandigarh, Pin-160117 | BKID0006206 | 160013007 | 0172-2704018, 2711910 |
| Sector 40 | S.C.O. 323, Sector 40D, Chandigarh, Pin-160036 | BKID0006207 | 160013011 | |
| Chandigarh Retail Hub | S.C.O. 81-82, Sector 17-B Chandigarh | BKID0006208 | 160013012 | 0172-2724610 |
| Sector 47 | Sector 47, S.C.O. No. 113, Sector 47 C, Chandigarh, Pin-160047 | BKID0006210 | 160013014 | 0172-5025647 |
| Sector 31 | Sector 31, Star House S.C.O. 76-82, Sector 31A, Chandigarh-160030 | BKID0006211 | 160013021 |
Products Offered by Bank of India in Chandigarh
An extensive line of products are waiting for you at Bank of India in Chandigarh. You can make your life merry by choosing from products like personal loan, home loan, car loan, loan against property and others. If you want to check out the details of the bank’s offerings in Chandigarh, you must take a look at the table outlined below.
Basic Details of Bank of India in Chandigarh
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| BOI Star Home Loan | Salaried employed, self-employed businessmen, professionals, HUF, NRIs, PIOs, corporate and partnership firms are eligible | Upto ₹ 5 Cr | 8.85% onwards | 0.25% of the loan amount Minimum- ₹ 1,000+service tax as applicable Maximum-₹ 20,000+service tax as applicable | Upto 30 Years |
| BOI Star Personal Loan Scheme | Salaried employees, professionals, pensioners are eligible | Upto ₹ 5 lakhs-10 lakhs | 10.35% - 14.85% | 2% of the loan amount | Upto 3 years in most cases. In some exceptional case, the maximum tenure goes upto 5 years |
| BOI Star Vehicle Loan | Salaried employees, professionals, NRIs are eligible | Upto ₹ 50 Lakhs-2 Crores | 6.85% onwards | ₹ 500 per application+service tax as applicable | Upto 7 years |
| BOI Star Loan Against Property | Salaried, self-employed, partnership firms, people with high net worth are eligible | 48 times of average monthly gross salary for salaried 4 times of average net annual income for last 2-3 years in the case of self-employed | 10.50%-11% p.a. | - | Upto 15 years |
| BOI Star Vidya Loan | Students should be an Indian national and must have got admission to a higher education course in recognized institutes in India or overseas | ₹ 10 lakhs in India ₹ 20 lakhs abroad | 8.50%-9.00% p.a. | No processing fee for studies in India. However, overseas study comes with a fee of ₹ 1,000 | 10-15 years |
Documents Required to Avail Loans from Bank of India in Chandigarh
| Documents | Salaried | Self-employed |
|---|---|---|
| BOI Star Home Loan | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement Property Documents Like Cost Estimation, Property Map, etc | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-ITR, Audited Balance Sheet and Profit & Loss A/C Statement for the Last 3 Years Property Documents Like Cost Estimation, Property Map, etc |
| BOI Star Personal Loan Scheme | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement | |
| BOI Star Vehicle Loan | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Income Proof-ITR, Audited Balance Sheet and Profit & Loss A/C Statement for the Last 3 Years |
| BOI Star Loan Against Property | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement Equitable Home Security | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Income Proof-ITR, Audited Balance Sheet and Profit & Loss A/C Statement for the Last 3 Years Equitable Home Security |